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- Characters Introduced: None
- Locations Introduced: None
- Techniques Introduced: None
- Mentioned Boxers: None
- Title Page Character(s): None
The exchange continues and the fighters are no longer blocking or dodging, they instead deliver hit after hit, as if testing who is more resistant. A hit makes Ippo lose momentum, but when Sendou goes after him, he is received by punch that sends him back as well. They continue throwing at each other, till the referee breaks them up and marks the end of the first round.
In their respective corners, both seconds agree that Ippo had the lead at the beginning of the round due to sending Sendou down, but the latter had the slight advantage in the hitting exchange; it is assumed Ippo won the round by two points. Sendou also notes how he was drifting in and out of consciousness, while Ippo states that Sendou's new power can knock him out even if he blocks.
When the third round begins, they both approach the center of the ring and resume the hitting exchange with the impacts of their punches causing dull sounds throughout the arena. At the sight of the fighters's display of skill, the audience begins cheering even louder than before. Takamura however tells Aoki and Kimura not to get too exited, as he predicts the difference that will determine the winner of the exchange will soon be seen, and Ippo will lose. Aoki and Kimura are at first in disbelief, but are quickly shocked at the sight of Sendou slowly taking the pace and pushing back Ippo, who tells himself that somehow Sendou seems "bigger" now.